@elvina

According to Jinshi Data, David Bassanese, chief economist of Betashares, said that with increasing signs of easing inflationary pressures in the United States and the possibility that the Federal Reserve's rate cuts may be put back on the agenda, the Reserve Bank of Australia is likely to hold off on raising interest rates in August. He added that even if Australia's second-quarter CPI is "slightly higher" than expected, the Reserve Bank of Australia may hold off on raising interest rates. Bassanese believes that if the unemployment rate soars to 4.2% or higher this week, it will increase pressure on the Reserve Bank of Australia, and even if inflation remains high in the near term, the Reserve Bank of Australia will remain on hold next month.

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